MPs debate 'quarterly tax return' requirements

Some members have expressed concern on social media about the Chancelor's announcement of proposals to change tax reporting rules for small businesses. The wider small business community also expressed concern, with a petition appearing on the official government petition site. Although the title of the petition was slightly misleading, as the proposal is more about quarterly record submission rather than a full tax return, it gathered enough signatures to trigger consideration for debate. The debate did clarify the proposal and led to suggestions that any system should be thoroughly tested, an impact assessment should be carried out to ensure the requirements don't increase cost and resource burdens on small businesses and that the country's high speed internet coverage is 100%.

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